Ukraine's sovereign bonds hit 6-month lows as tensions rise over energy strikes
TLT•Ukraine's international sovereign bonds fell more than 1 cent, with many maturities reaching six-month lows. The 2035 bond dropped 1.2 cents to 57.63 cents on the dollar.
1. Bonds fall
Ukraine's international sovereign bonds fell more than 1 cent on Thursday, with many maturities trading at their lowest since April. The 2035 maturity, with a 4.5% coupon, fell 1.2 cents to a bid of 57.63 cents on the dollar. Ukraine resumed attacks on Russian refineries after President Volodymyr Zelenskiy expressed anger over a withdrawal of US intelligence; the attacks followed his frustration with continued Russian strikes on Ukrainian energy infrastructure despite a US-announced energy ceasefire earlier in the week.
